Hunterston Parc - Peel Ports

320-acre deep-water port and marine yard redevelopment in Scotland to power the low carbon economy.

Sitting at the heart of nuclear and oil decommissioning plans for the UK, Hunterston PARC offers unrivalled grid, rail and port connections to support the energy solutions of the future​.

Peel Ports seek partners for three stages of development:​

  • Co-development investment in infrastructure for energy transition (£10-£30m)​
  • Early-stage and growth stage equity participation in developing innovative solutions to waste processing and alternative materials to plastic packaging (£0.5-£5m)​
  • Development investment (£30m-£100m) in new power generation facilities for the site
Aerial view of Hunterston power station and surrounding area, North Ayrshire

Value £135 million

Industrial renewable energy

Equity investment

Located in Hunterston

More on the Hunterston PARC website

Hunterston Port and Resource Centre (‘PARC’) is the complete re-development of the 320-acre deep-water port and marine yard on the North Ayrshire coast, 40 minutes from Glasgow.

The site is to be developed to support new power generation consistent with the national goals and the creation of an eco-system of power generators with new energy-intensive industry.

Recognised as offering unique infrastructure to support advances in renewable energy, the blue economy and the circular economy, the site enjoys policy and £28 million of financial support from the regional council and Scottish and UK Governments.

The University of Strathclyde, the Offshore Renewable Energy Catapult and other agencies have participated in planning for the PARC to become a focal point for research as well as new commercial partnerships. Such work includes the finding that the PARC can support subsidy-free energy production with appropriate investment.

Investment opportunities

Three investment opportunities exist at the PARC:

1. Infrastructure for the energy transition

Co-developing with Peel Ports the infrastructure to serve the £20 billion UK market for construction of floating offshore wind farms and the £70 billion expenditure on decommissioning and recycling assets from the oil sector.

This will include refurbishment of the PARC’s marine yard, home of one of the world’s largest dry docks. Multi-year commitments from globally recognised energy participants make the facility an attractive infrastructure investment for those focussing on energy transition. Floating wind turbines will transform the potential for new, low-cost renewable power generation away from shores.

Seeking co-development investment in the range of £10-£30 million.

2. Innovative new industry

Early-stage equity participation in new energy-intensive, processing enterprises supporting the circular economy.

The PARC’s Centre for New Industry and New Energy (C-NINE) is attracting innovative commercial ventures, applying new scientific solutions to address important challenges such as the conversion of plastic to new products and hydrogen. These ventures seek funding to support asset-backed investment on the PARC site and the PARC’s C-NINE offers access to such opportunities.

Seeking early-stage and growth stage equity participation in the range £0.5-£5 million. Activities seeking investment capital include plastic to hydrogen, waste processing, hydroponics, alternative materials to plastic packaging.

3. New power generation

Development and ongoing management of new power generation facilities.

With high-capacity grid-access potential, incumbent private wire demand and the opportunity to bring feedstock by sea, rail and road, the PARC has attracted interest from power generators targeting renewable and transitional technologies such as hydrogen, waste, biomass and other feedstocks.

With skilled labour in the area and the UK National Grid seeking load stabilisation solutions at the site, there is policy support for development at Hunterston, designated formally as a 'port and energy hub'.

This development focuses low carbon, green industries on a brownfield site, and will enable advanced technologies to be applied commercially.

Peel Ports and others have announced the intention for the PARC’s Centre for Research on Ecology and Economic Development to explore ways for infrastructure development to embrace the latest eco-friendly engineering methods. Projects being considered include how self-healing concrete can be used to reduce intervention, how reef systems can be built on man-made structures, and other engineering innovations.

Hunterston PARC offers the opportunity to participate in a standard-bearing project for Scotland: a range of facilities that will enable new technologies to reach commercial scale and so propel the Green Agenda.

Seeking development investment in the range of £30-£100 million. Technologies seeking investment capital include waste to energy, various biomass, hydrogen/gas, solar. 

More on the Hunterston PARC website

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Disclaimer

Whereas every effort has been made to ensure that the information in these pages is accurate, Scottish Enterprise and Scottish Development International does not accept any liability for errors, omissions or misleading statements. And no warranty is given, or responsibility accepted as to the standing of any individual, firm, company or other organisation mentioned. Investors will need to undertake their own due diligence in conjunction with individual project promoters/sponsors in relation to the detailed project investment opportunities presented.